<ARTICLE> UT <CIK> 0000004904 <NAME> AMERICAN ELECTRIC POWER COMPANY, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,609,619 <OTHER-PROPERTY-AND-INVEST> 1,483,751 <TOTAL-CURRENT-ASSETS> 1,585,635 <TOTAL-DEFERRED-CHARGES> 285,735 <OTHER-ASSETS> 1,833,663 <TOTAL-ASSETS> 16,798,403 <COMMON> 1,295,936 <CAPITAL-SURPLUS-PAID-IN> 1,795,378 <RETAINED-EARNINGS> 1,641,607 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,732,921 <PREFERRED-MANDATORY> 127,605 <PREFERRED> 46,566 <LONG-TERM-DEBT-NET> 5,181,556 <SHORT-TERM-NOTES> 179,900 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 460,250 <LONG-TERM-DEBT-CURRENT-PORT> 120,285 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 445,247 <LEASES-CURRENT> 100,784 <OTHER-ITEMS-CAPITAL-AND-LIAB> 5,403,289 <TOT-CAPITALIZATION-AND-LIAB> 16,798,403 <GROSS-OPERATING-REVENUE> 2,170,582 <INCOME-TAX-EXPENSE> 91,604 <OTHER-OPERATING-EXPENSES> 1,823,046 <TOTAL-OPERATING-EXPENSES> 1,914,650 <OPERATING-INCOME-LOSS> 255,932 <OTHER-INCOME-NET> 794 <INCOME-BEFORE-INTEREST-EXPEN> 256,726 <TOTAL-INTEREST-EXPENSE> 103,551 <NET-INCOME> 150,586 <PREFERRED-STOCK-DIVIDENDS> 2,589<F1> <EARNINGS-AVAILABLE-FOR-COMM> 150,586 <COMMON-STOCK-DIVIDENDS> 113,996 <TOTAL-INTEREST-ON-BONDS> 55,604 <CASH-FLOW-OPERATIONS> 338,990 <EPS-PRIMARY> $0.79 <EPS-DILUTED> $0.79 <FN> <F1>Represents preferred stock dividend requirements of subsidiaries; deducted before computation of net income. </FN>